Chapter 107: Persuasion
"What's the solution, the people are gone, there is no clue at all. Pen ~ Fun ~ Pavilion www.biquge.info" Sun Heng thought that Qian Zhengxing was crazy at this moment, and sighed and said, "I don't know where to check if I want to." ”
"No, no, you don't need to check, you don't need to check. Qian Zhengxing said excitedly, "As long as there are no victims, only no one knows, didn't this incident happen?"
"Senior Brother Sun, will you help me, won't you? Qian Zhengxing looked at Sun Heng expectantly.
"No, absolutely not. Sun Heng suddenly understood that Qian Zhengxing wanted to cut it in two, destroy the corpse, and let all the insiders disappear into the world.
Bang, Qian Zhengxing knelt down in front of Sun Heng and said calmly, "The reputation of this hotel for more than 600 years, and the situation maintained by more than 200 generations, cannot be destroyed in my hands." ”
"Senior Brother Sun, you either kill me here or help me. ”
"Senior Brother Qian, you can't be confused. Sun Heng said and coughed, and a series of coughing sounds, which ended with Sun Heng spitting out a mouthful of blood.
"Senior Brother Qian, this is not how reputation is maintained. When the qi came to pass, Sun Heng continued to persuade.
"You are doing this, which is tantamount to putting an indelible stain on the reputation of these 600 years, once it is discovered, how will the reputation maintained by these six white people over the years be questioned?"
"If you think about it, if you do this today, others will think that your parents and grandparents will solve it in the same way when they encounter such a thing. ”
"Can't be confused, bow your head and admit your mistakes, and do better in the future, this matter will leave a wrinkle at most, and maybe it can become a mark of responsibility for this hotel." ”
"Senior Brother Sun, can you help me. Qian Zhengxing's eyes were red, and he stared at Sun Heng tightly.
Qian Zhengxing maintained the reputation of this hotel and did everything, which is something he has believed in abiding by all his life.
It just so happened that now that Sun Heng was hurt, to the point where he was at his weakest, it was also the best time to defeat and kill him.
After more than 20 years of getting along, Qian Zhengxing regarded Sun Heng as a brother, and if he really wanted to kill Sun Heng, Qian Zhengxing was still a little hesitant, like to see if he could fight for it.
If Sun Heng is unwilling to help, then Sun Heng will also become Qian Zhengxing's enemy, and no matter how unbearable he is in his heart, Qian Zhengxing will do it.
"Senior Brother Qian, listen to my last words, if you still can't change your mind, I'll help you. Sun Heng said.
"Senior Brother Sun, please speak. Qian Zhengxing sat on the ground and looked at Sun Heng with a serious face, saying that he would listen carefully to the next words, but he had already made up his mind in his heart, no matter what Sun Heng said, he would not change.
"Look at this. Sun Heng took out his mobile phone, and after inquiring about it, he handed it to Qian Zhengxing.
From the 80s to the 90s, when Enron was founded, Arthur Andersen was not only responsible for its audit work, but also provided consulting services at the same time. In 2000, Arthur Andersen received $27 million from consulting services of $52 million in total revenue, which shows that Arthur Andersen and Enron have a long-standing interest relationship.
Profit drove Arthur Andersen to help Enron falsify. In October 2000, Enron re-published its financial statements for the period from 1997 to 2000, resulting in a $591 million reduction in cumulative profits and an increase in debt of $638 million. Arthur Andersen defended this by saying that this was because Enron exchanged the company's equity issuance for notes receivable in the course of the equity transaction. These notes receivable are recorded as assets in the company's books, and the shares issued are recorded as shareholders' equity.
It was in the event of Arthur Andersen's "negligence" that Enron was able to transfer hundreds of millions of dollars of debt to subsidiaries or joint ventures that were not on the company's balance sheet, thereby hiding the debt from its financial statements while recording as income what should not have been recorded as income, in a fraudulent way of misrepresenting the company's profits.
With the exposure of the Enron problem, Arthur Andersen's series of fraudulent acts have been exposed. In 2001, Arthur Andersen was twice penalized for violations. One was related to the audit of the work of the United States Waste Management Corporation for providing false and misleading audit reports, which Arthur Andersen "knowingly" and "recklessly" provided to the United States Waste Management Company with false and misleading audit reports that falsely reported revenues of $1.43 billion between 1992 and 1996.
A federal court in Washington sentenced Arthur Andersen to a $7 million fine for "deception and falsification of accounts." Three of the partners were fined and banned from auditing for five years, and the other was banned from audit work for one year.
This is the first time in more than 20 years that the U.S. Securities and Exchange Commission has imposed a severe punishment on one of the "Big Five" in the international accounting industry. In the spring of 2001, Arthur Andersen was ordered to pay $110 million to shareholders of Sunshine for making false accounts on behalf of Sunshine, a Florida-based household equipment company for which it audited. These two frauds have already tarnished Arthur Andersen's reputation.
After the Enron incident, Arthur Andersen was convicted of obstruction of justice in the case of destroying Enron documents for destroying unfavorable audit evidence. After Arthur Andersen was convicted of obstruction of justice, more companies disconnected from its business relationships, many would file civil lawsuits against it, and Arthur Andersen, a long-standing century-old store, collapsed overnight.
Enron's series of related-party transactions and derivative businesses are not very clever, but Arthur Andersen, which audited it, has always issued unqualified audit reports. As one of the Big Five, Arthur Andersen could not have the ability to find problems. As it turned out, Arthur Andersen was not only not unaware, but played the disgraceful role of Enron's complicity.
On 17 October 2001, Arthur Andersen learned that the U.S. Securities and Exchange Commission was investigating Enron's financial situation, and in this case, Arthur Andersen destroyed thousands of pages of Enron documents over a two-week period beginning on 23 October 2001 and did not stop destroying them until 8 November when it received a subpoena from the SEC.
After the destruction of the evidence was disclosed by the media, Arthur Andersen refused to admit it, until it could not cover up this fact, and then shifted the responsibility to the relevant executors, in an attempt to avoid legal responsibility.
On June 15, 2002, a federal grand jury in the United States found Arthur Andersen guilty of obstruction of justice in the case of destroying Enron documents.
Because of Arthur Andersen's despicable role in the Enron affair, its reputation for consistent honesty has been questioned, and many large companies have abandoned Arthur Andersen in order to dispel the suspicion that investors will have about their finances by hiring Arthur Andersen as an auditor.
On June 15, 2002, Arthur Andersen was found guilty by the court of obstructing the government's investigation into Enron's bankruptcy. After the jury's decision, Arthur Andersen announced that it would cease to engage in the audit business of listed companies with effect from August 31, 2002, and since then, more than 2,000 clients of listed companies have left Arthur Andersen, and Arthur Andersen's branches around the world have been cancelled and acquired.
On August 31, 2002, Arthur Andersen, the U.S. division of Arthur Andersen Global Group, announced that it would abandon all audit business in the United States with immediate effect and officially withdraw from the audit industry that it had engaged in for 89 years.
"Senior Brother Qian, what is the difference between you doing this and it, relying on concealment and subordination, you will not get any good results. Sun Heng persuaded again.